Union Budget 2025-26: CII Recommends 25% Hike in Public Capex and Tax Relief for Middle Class

The Confederation of Indian Industry (CII) has recommended a 25% increase in public capital expenditure (Capex) in the Union Budget for 2025-26. This proposed increase is aimed at stimulating economic growth and infrastructure development. CII suggests that this spending will create jobs, boost industrial activity, and enhance overall economic resilience. Additionally, they are advocating for tax relief for the middle class to support consumer spending and improve the purchasing power of individuals. This package, according to CII, would support India’s recovery from economic slowdowns and lay the foundation for long-term economic growth.